Discretionary Share Option Schemes in the Privatised Utilities

Part of New clause 1 – in the House of Commons at 5:30 pm on 3rd April 1995.

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Photo of Mr Tim Smith Mr Tim Smith , Beaconsfield 5:30 pm, 3rd April 1995

The hon. Gentleman came into the Chamber so recently that he seemed to be out of breath during his intervention. The schemes have not been approved by shareholders: that is precisely the point of one of the main reforms for which we are calling. We say that shareholders should have the opportunity properly to regulate these schemes.